GLN

0.00%

13.0¢ galan lithium limited

Ann: Galan Move to 100% Title of Candelas Project, page-13

First 13 Last

Share
Profile

Follow
M Sugar

2,628 Posts.

332

08/02/23

11:10

Post #: 66132359
Share

Originally posted by spovend: ↑

Yes, nice little reminder from Galan on our Candelas project....Candelas is such a HUGE sleeper for Galan and would be the crown jewel of many other Li explorers. I'm convinced our current 685kt LCE @ 672mg/l Li (with low impurities) will increase materially once we get back to drilling over there and apply our vastly improved understanding of the salar and geological data. I can see Candelas getting to 2MT with likely higher grade from targeting drilling. The RO water is a HUGE bonus and extremely valuable.

Here is a very useful and eye opening analogy for just how valuable Candelas is and how its not even minutely factored into our share price yet:

Argosy Rincon Resource: 245kt @ 325mg/L
Argosy Rincon Additional Exploration Target: 262kt to 479ktpa
Argosy Rincon Pilot Production: 2ktpa
Argosy Rincon Expansion Production: 10ktpa
Argosy Rincon Total Production: 12ktpa
Argosy Market Cap: ~AU$1B

Galan Candelas Resource: 685kt @ 672mg/L
Galan Candelas Exploration Target: Undisclosed but I would guess an additional ~1 MT at high grade
Galan Candelas Production: 14ktpa
Galan TOTAL Market Cap = ~AU$350mm (mostly HMW related)
Galan CANDELAS related Market Cap = Probably only $20-30mm!! CRAZY!

I find this comparison staggering - Imagine what Argosy would do with Candelas with their tech and the available RO water!! If Candelas was within Argosy it would immediately double their MC to $1B I would guess! Holy cow, Candelas resource is currently more than Rincon's total exploration target and its double the grade and only going to get bigger!!! I think Jerko and JP need to meet and talk!!! So much immense value being left on the table with Candelas sitting there idle....but glad to se they re moving on it posy HMW DFS...

Expand

Excellent summary

GLN is so undervalued

Needs a bandage . IMO. Why are we not back to 2 dollars?

GLN Price at posting: $1.19 Sentiment: Buy Disclosure: Held
19 Upvote

0 Great analysis

Reply

Top Stories

RAG

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

NWH

NRW Holdings inks $109M deal with BHP for works at Jimblebar

IMA

Issues emerging as Australian companies tackle critical minerals challenge

Tonight's US CPI data could set the tone for November. What are markets expecting?

ARB

Court process clears way for ARB to buy up 4 Wheel Parts business in the US

ARV

Smallcap Artemis Res' jumps 23% on six digit gold grade rockchip find at Titan

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

SHN

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

OCT

Octava Minerals joins the antimony train with high-grades on the radar at Yallagong, WA

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

There are more pages in this discussion • 33 more messages in this thread...

First 13 Last

Add GLN (ASX) to my watchlist

(20min delay)
Last 13.0¢		Change 0.000(0.00%)		Mkt cap ! $77.48M

Open	High	Low	Value	Volume
13.0¢	14.5¢	13.0¢	$752.8K	5.503M

Buyers (Bids)

No.	Vol.	Price($)
19	874807	13.0¢

Sellers (Offers)

Price($)	Vol.	No.
13.5¢	36900	2

View Market Depth

No.	Vol.	Price($)
18	870807	0.130
19	924729	0.125
26	1136177	0.120
11	3763087	0.115
29	2158601	0.110

Price($)	Vol.	No.
0.135	36900	2
0.140	486523	11
0.145	584553	10
0.150	408772	6
0.155	325963	8

Last trade - 16.10pm 11/10/2024 (20 minute delay)

GLN (ASX) Chart

Ann: Galan Move to 100% Title of Candelas Project, page-13

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

NRW Holdings inks $109M deal with BHP for works at Jimblebar

Issues emerging as Australian companies tackle critical minerals challenge

Tonight's US CPI data could set the tone for November. What are markets expecting?

Court process clears way for ARB to buy up 4 Wheel Parts business in the US

Smallcap Artemis Res' jumps 23% on six digit gold grade rockchip find at Titan

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

Octava Minerals joins the antimony train with high-grades on the radar at Yallagong, WA

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Galan Move to 100% Title of Candelas Project, page-13

Top Stories

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

NRW Holdings inks $109M deal with BHP for works at Jimblebar

Issues emerging as Australian companies tackle critical minerals challenge

Tonight's US CPI data could set the tone for November. What are markets expecting?

Court process clears way for ARB to buy up 4 Wheel Parts business in the US

Smallcap Artemis Res' jumps 23% on six digit gold grade rockchip find at Titan

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

Octava Minerals joins the antimony train with high-grades on the radar at Yallagong, WA

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News